Meta's symmetrical triangle

FB will soon change its ticker to $META. The stock formed a symmetrical triangle around its 8 and 21EMAs. A strong Day 1 candle coupled with higher than normal volume will resolve this recent pattern. In such a case, we expect FB to get above $200 and reach its 50SMA around $204. For such a move, we need to see the QQQ at the higher end of their recent channel or preferably above it. Watch the action in FB as a gauge for overall sentiment in tech.